• Shimano average net profit margin for 2023 was 20.79%, a 3.74% decline from 2022.
• Shimano average net profit margin for 2022 was 20.04%, a 8.91% increase from 2021.
• Shimano average net profit margin for 2021 was 18.4%, a 21.05% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.